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North America Gas Insulated Smart Ring Main Unit Market Analysis

  • Report ID: GMI7390
  • Published Date: Nov 2023
  • Report Format: PDF

North America Gas Insulated Smart Ring Main Unit Market Analysis

The 2-3-4 position RMUs surpassed USD 165 million in 2022 and is expected to maintain a strong CAGR of over 8% until 2032. The push for grid modernization and the integration of renewable energy sources is increasing the demand for dependable, flexible, and reliable medium-voltage distribution solutions. The aging electrical infrastructure in North America compels the use of secure circuit breakers in 2-position RMUs to ensure the safe interruption of electrical circuits. Additionally, as solar and wind power gain prominence in the North American energy landscape, 3-position RMUs play a pivotal role in seamlessly switching between these intermittent energy sources while maintaining grid stability.
 

North America Gas Insulated Smart Ring Main Unit Market Share, By Technology, 2022

The motorized RMUs recorded USD 195 million in 2022 and is anticipated to exceed USD 485 million by 2032. These advanced RMUs offer numerous benefits, including enhanced automation and remote monitoring capabilities, which are increasingly sought after by utilities and industrial facilities in the region. Motorized RMUs enable efficient and precise control of electrical distribution networks, improving reliability and reducing downtime. The integration of smart technologies in RMUs allows for real-time data collection and analysis, leading to better asset management and more informed decision-making.
 

The North American gas-insulated smart ring main unit market comprises components such as switches, fuses, self-powered electronic relays, automation Remote Terminal Units (RTUs), Uninterruptible Power Supplies (UPS), fault passage indicators/short circuit indicators, and voltage-dependent interrupting switches. The market is experiencing significant growth, driven by the increasing adoption of automated RTU components. Automation is crucial for enhancing grid management, improving power distribution efficiency, and ensuring reliability. Smart RMUs with automated RTUs offer advanced monitoring, data analysis, and real-time communication, enabling precise control and rapid response to grid events.
 

Gas insulated smart Ring Main Units (RMUs) find versatile use in various sectors, including distribution utilities, industries, transportation, infrastructure, and more. In the North American market, significant growth is being fueled by distribution utilities. These utilities are vital for ensuring reliable power distribution, and they are increasingly investing in advanced RMUs to support grid modernization, renewable energy integration, and smart grid technologies. These intelligent RMUs offer improved grid management, remote control, and real-time monitoring, aligning with the region's goals of enhancing grid reliability and efficiency.
 

U.S. Gas Insulated Smart Ring Main Unit Market Size, 2021 - 2032, (USD Million)

The smart RMU industry across U.S. is anticipated to witness over 8% growth rate between 2023 and 2032 owing to the increasing demand for reliable and efficient distribution of electricity, especially in urban areas, which in turn is spurring the adoption of smart grid technologies, including smart ring main units, to enhance grid resilience and optimize power distribution. Additionally, the need to integrate renewable energy sources and accommodate electric vehicles into the grid is promoting the deployment of smart grid solutions, with gas-insulated ring main units offering compact and environmentally friendly options.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America gas insulated smart ring main unit was exceeded USD 345 million in 2022 and is anticipated to reach over USD 800 million by 2032, due to the increasing emphasis on the modernization and upgrade of aging electricity distribution infrastructure.

North America 2-3-4 position gas insulated smart RMU industry reached over USD 165 million in 2022 and is expected to attain over 8% CAGR until 2032, owing to the broader trends in the electrical distribution sector.

U.S. gas insulated smart ring main unit market size is anticipated to witness 8% CAGR between 2023 and 2032, owing to the increasing demand for reliable and efficient distribution of electricity, especially in urban areas.

ABB, Eaton, Schneider Electric, CG Power & Industrial Solutions Ltd., Siemens, LS ELECTRIC Co., Ltd., HD HYUNDAI ELECTRIC CO., LTD., alfanar Group, Ormazabal, and G&W Electric, Alstom are some major gas insulated smart ring main unit providers in North America.

North America Gas Insulated Smart Ring Main Unit Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 377
  • Countries covered: 3
  • Pages: 305
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